capsensixx AG
Webcast
18 December 2018
The capsensixx share
capsensixx AG Page 2
CAPSENSIXX > MARKET
WKN / ISIN / symbol A2G9M1 / DE000A2G9M17 / CPX
Listing / Exchange Frankfurt Stock Exchange Regulated Market, Prime Standard
First listing
Initial share price
21 June 2018
16.00
Total number of shares 3,430,000
Designated Sponsor
Research
Shareholder s post-IPO
ICF Bank AG
montega
PEH Wertpapier AG 75%; freefloat 25%
Lock-Up
Reporting standard
Fiscal year
PEH Wertpapier AG 24 months; issuer = 6 months
IFRS
1 January - 31 December
capsensixx on Xetra from 21 June to 18 December 2018
Source: finanzen.net
since 21. Juni 2018CPX shares = -21%
SDAX in 2018
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CAPSENSIXX > MARKET
since 21 June 2018SDAX = -21%
Source: finanzen.net
Overview to capsensixx
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Prime Standard listed company – offering
Financial Administration as a Service:
Administration, structuring and implementation of
financial products
Various asset classes and product workflows
Succeeding via3 complementary
segments:
Fund Management since 2001 – Axxion
Corporate Services since 2006 – Oaklet
Digitization and IT-Services – coraixx
9 months results 2018 –Further positive
development of Group´s revenues and EBITDA:
Revenues adjusted by
performance fees*: EUR 16.0 million
(+ 19% YOY)
EBITDA: EUR 6.5 million
(+ 28% YOY)
Start up providing strong earning potential -Preconditions for success set up:
CEO, technical director for Big Data and AI and other IT specialists on board
CAPSENSIXX > ABOUT US
* Revenues from performance fees are passed on to external asset managers in full by capsensixx, are recognized in cost of materials and therefore do not affect profit or loss.
coraixx:
Digitization & IT-Services
coraixx > DIGITIZATION & IT-SERVICES
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Clients
X-Benefits from/for coraixx
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Axxion Oaklet
coraixx
Raising recurring revenues and raising
operational efficiency
Extension of Group´s profit situation
Raisingrecurring revenues
Network-Partners
coraixx > DIGITIZATION & IT-SERVICES
Dashboard
APIAI
Accounting
Engine
OCR
AP
I -
IN
AP
I -
OU
T
Process - Monitor
Performance - Optimizer
API
Mobile App
Desktop App
Folder Watch
Modules
Modules
Modules
DocumentProcessing
MachineLearning &
AI
Business Knowledge
Execution&
Reporting
Process Overview
LARGE-SCALE ADAPTIVE DIGITAL ACCOUNTING
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Dashboard Invoice Data Relations
A.I.CCOUNTING vs Accountant System MonitorTrack Report
Dashboard/view
LARGE-SCALE ADAPTIVE DIGITAL ACCOUNTING
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Example
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LARGE-SCALE ADAPTIVE DIGITAL ACCOUNTING
LOGICAL RECOGNITION INSTEAD OF RULE-BASED TRANSFORMATION
▪ identification based on graphicalcharacteristics
▪ identify & verify creditors anddebitors based on multiple features
▪ interpret meaning of sentences
▪ identify dependent calculations
▪ split invoice items into multiple accounting records
▪ auto-fill missing calculations
▪ analyse different types of barcodes
▪ extract data from bad qualitysources via fuzzy logic-systems
▪ cross-check results in available data-sources
▪ use hundreds of input formats
▪ create dozens of output formats
▪ no manual definition of contentposition / rule setting
Logo
Logo 2
capsensixx AG
tba is running coraixx‘sa.i.ccountingTM to process it‘s
groups invoice processing.
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INTELLIGENT ACCOUNTING SOLUTIONS
coraixx Preconditions for success
Funding was successfullyclosed due to the capital
increase of capsensixx AG. coraixx‘s financing is secured
over minimum 36 months.
IT is actually performed on INQUENCE‘s IT infrastructure
and external network and service providers. coraixx has
built-up its own hub in Dresden.
Staff(CEO, Director Big Data/AI, IT Developer, Implementation
Consultant and Administrative) hired.
coraixx has entered intoseveral outsouring
cooperations (ie HR, Legal, Tax, etc) to focus on its core
competencies.
capsensixx AG
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INTELLIGENT ACCOUNTING SOLUTIONS
... advanced negotiations
Leads in different industries are close tothe onboarding phase:
Real-Estate
Automotive
Agricultural
Financial Services
capsensixx AG
▪ Strategic partnerships for Implementation, bpm and ERP
▪ Next signings expected for Q1/2019
▪ Broad sector mix foreseeable (see left)
▪ Raising demand based on tighter data protection regulations
coraixx expansion accelerates growth
Coraixx milestones
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INTELLIGENT ACCOUNTING SOLUTIONS
Initial contactInitial Client &
Fraunhofer
Q4 2014
Project launch
Q2 2015
1st concept
Q1 2015
Q3 2015
Infrastructure
Q3 2016
V.01 Release
Q1 2016 Q3
2017
Go-live
Q22018
IPO
capsensixx AG
Q12019
Core-Team startsoperations at new
Dresden office
Axxion:
Fund Management, Administration & Accounting
FUND MANAGEMENT, ADMINISTRATION & ACCOUNTING
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AXXION Milestones
FUND MANAGEMENT, ADMINISTRATION & ACCOUNTING
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AXXION - Stable growth of AuA
FUND MANAGEMENT, ADMINISTRATION & ACCOUNTING
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AXXION
AXXION - Stable growth of AuA
FUND MANAGEMENT, ADMINISTRATION & ACCOUNTING
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Oaklet: Capital Markets & Corporate Services
CAPITAL MARKETS & CORPORATE SERVICES
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Oaklet: Activities - clients - network
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CAPITAL MARKETS & CORPORATE SERVICES
Securitization
▪ Oaklet is specialized in the development of interest- and equity-based structures that are issued through securitization vehicles.
▪ Oaklet GmbH functions as a consultant and calculation agent,
▪ Oaklet also advises clients in asking the right questions.
▪ Furthermore, Oaklet acts as an independent product specialist in addition to helping clients find the optimal partner (Investment bank, KAG, Asset Manager, etc.).
Clients and network
▪ Banks (private banks, savings banks and cooperative banking institutions) utilize Oaklet as a source of ideas for products that are resold to
own marketing channels.
▪ Insurers (Insurance plans, retirement funds, pension plans...) are by their nature subject to a strict, legal framework that during product development has a critical influence on the payout profile and on the issuing format.
▪ Asset Managers (Investment companies, Fund
the fine line between yield and safety. Structured products can help tread this line and Oaklet can reveal to the eager and cash-market-oriented managers just how the operation and the products are to be optimally designed.
Corporate Services
▪ Oaklet S.A., as a regulated PSF (Professionnels du secteur financier), provides inter alia domiciliation services, brokerage services and asset management facilities.
▪ Oaklet is offering extensive legal and organisational services for example
- the formation and domiciliation of special purpose entities
- taking over management mandates
- performing financial accounting and preparing tax documents
- preparing and publishing annual financial statements and correspondence with supervisory, tax authorities and auditors
- exercising of voting rights
Oaklet further information
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CAPITAL MARKETS & CORPORATE SERVICES
The Company
▪ Legal company: Oaklet GmbH, Frankfurt am Main and subsidiary Oaklet S.A., Luxemburg.
▪ Headquarters: Frankfurt am Main, Germany and Wasserbillig, Luxemburg.
▪ History:
- Founded in 2006 by current management.
- Acquisition of Oaklet S.A. in 2015.
- Start of Third-Party Corporate Services 2018.
Management / Shareholders
Management and founding partners
▪ Sven Ulbrich: Co-founder
▪ Klaudius Sosnik: Co-founder
▪ Fabian Föhre: Co-founder
Shareholder structure
▪ Capsensixx: 50.94%*
▪ Treasury share (Oaklet): 5.42%
▪ Founding Partner(s)/management: 43.64%*
* Stake without attribution of a treasury share held by Oaklet GmbH
Financials
CAPSENSIXX > FINANCIALS
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Interim Report for the first 9 months 2018
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CAPSENSIXX > FINANCIALS
Report
as of 30th September 2018:
P&L (IFRS)30 Sept. 2018 30 Sept. 2017
in EUR unaudited unaudited
Revenues 79.725.683,44 55.766.837,46
Revenue shares in favor of third parties 63.771.267,59 42.369.624,89
Revenues adjusted by revenue shares in favor of third parties 15.954.415,85 13.397.212,57
Other operating income 641.301,15 492.820,65
Cost of materials -63.771.267,59 -42.369.624,89
Personnel expenses
Wages and salaries -4.215.250,37 -3.817.339,08
Social security, pension and other benefits -1.100.040,07 -1.025.779,05
Depreciation and amortization -1.027.212,65 -727.427,81
Other operating expenses -4.800.465,20 -3.976.851,10
Finance income 8.600,00 8.646,44
Other interest and similar income 73.420,86 15.485,08
Finance costs -12.929,21 -3.735,79
Profit before tax 5.521.840,36 4.363.031,91
Taxation -1.631.018,65 -1.390.070,80
Net Profit 3.890.821,71 2.972.961,11
Net profit attributable to non-controlling interests 2.157.537,57 1.472.505,81
Net profit attributable to shareholders of capsensixx AG 1.733.284,14 1.500.455,31
nine months ending
▪ Adjusted revenues relevant key figure, this as revenues from performance fees are passed on to external asset managers in full by capsensixx, are recognized in cost of materials and therefore do not affect profit or loss
▪ EBITDA with EUR 6.5 million plus 28% YOY
▪ EBITDA margin based on adjusted revenues: 40.6% (first 9 months 2017: 37.8%)
Outlook
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CAPSENSIXX > ABOUT US
▪ 2018
Stable fourth quarter of 2018 expected – profitable revenue and earnings growth to continue for the full year
2018
▪ 2019
coraixx with additional clients – step by step providing profit contribution to the Group
Demand for actively management funds should support continuation of Axxion´s good performance
Oaklet benefiting from extended Corporate Service activities
Disclaimer
Contact details
CAPSENSIXX > MORE ABOUT US
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Disclaimer
These materials are not for distribution, directly or indirectly, in or into the United States (including its territories anddependencies, any State of the United States and the District of Columbia), Australia, Canada or Japan. These materials donot constitute or form a part of any offer or solicitation to purchase or subscribe for securities. The shares in capsensixx AG(the mentioned herein may not be offered or sold in the United States absent registration or an exemption fromregistration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Shares have not been, and will notbe, registered under the Securities Act and will not be offered or sold in the United States. There will be no public offering ofsecurities in the United States or anywhere else outside of the Federal Republic of Germany and Luxembourg. The publicoffer in the Federal Republic of Germany and in Luxembourg will be made exclusively by means of and on the basis of asecurities prospectus. The securities prospectus, subject to approval, will be published on the internet page of the Company.
In the United Kingdom, these materials are only being distributed to and are only directed at persons who (i) are investmentprofessionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (asamended) (the or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies,unincorporated associations, etc.) (all such persons together being referred to as . These materials aredirected only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Anyinvestment or investment activity to which these materials relate is available only to Relevant Persons and will be engagedin only with Relevant Persons.
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Contact details
capsensixx AG
Sven Ulbrich
CEO
Phone: +49 (0)69 24747990
www.capsensixx.de
Media Relations
edicto GmbHAxel Mühlhaus / Hubert BonnPhone: +49 (0)69 [email protected]
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